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Nawgati, a Noida-based fuel-tech startup aiming to streamline operations across India’s fuel distribution ecosystem, has raised $2.5 million in a pre-Series A funding round led by veteran stock market investor Ajay Upadhyaya.
The round also saw participation from the Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and a roster of prominent angels, including Sanjay Sharma (former MD, Accenture), Ashish Sharma and Prithvijit Roy (co-founders, BRIDGEi2i), and Vivek Mathur (former Partner & COO, Elevation Capital).
Prior to this round, the startup secured Rs 1 crore from GAIL via the PSU’s startup initiative, Pankh, in January last year.
What does Nawgati do?
Founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati has built a platform that integrates fuel stations, fleet operators, and end-users, aiming to solve long-standing issues in a sector where innovation has lagged.
At the heart of its offering is Aaveg, a proprietary platform that provides real-time data on fuel availability, fleet movements, congestion levels, and station resource utilisation. By reducing wait times and improving operational transparency, the startup helps both fuel providers and fleet managers optimise logistics and meet compliance requirements.
Its fleet management solution is already live with Mahanagar Gas and is set to be deployed with additional fuel companies in the coming quarters.
“Nawgati is solving a critical challenge in a space that touches millions every day but has seen little innovation,” said Ajay Upadhyaya, who led the investment.
Purpose of fundraising
The Shark Tank India-featured startup will use the raised capital to scale its operations across India, enhance its digital infrastructure for fleet operators and fuel stations, and support global expansion plans.
“We are grateful to have the backing of such a distinguished group of investors who share our belief in transforming how fuel operations are managed and experienced,” said Vaibhav Kaushik, CEO and co-founder of Nawgati.
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